1400.00 on the ES Needs to be Taken Out...Convincingly.

My ES SWING Chart above...Personally, PRICE action on the ES is still very much uncertain. To show a clear path as to where PRICE is really going, 1400.00 must be taken out convincingly, on any upmove.If not, we will just continue to bounce within the trading ranges, until a big move to the upside, or downside happens.Incidentally, PRICE is now in PRIME, on the SWING Chart. We would need to have

Hang Seng Futures is Leading the Charge Next, for the Leg 1 of Back Door Bear Break, on the SWING Chart

My HSI Swing Chart above...With the Nikkei 225 Futures the first to achieve Leg 1 of Back Door Bear Break the other day, we now have the Hang Seng Futures (HSI) following suit. And it seems that the SIMSCI has also reacted positively to the HSI's upward move.For the HSI Futures, the PRIME Resistance is only above 500 points away. A target easily achieveable in 2 trading sessions.

Nikkei 225 Futures Establishes Leg 1 of Back Door Bear Break, on the SWING Chart

My Nikkei 225 Futures SWING Chart above...PRICE managed a PRIME Higher High today (after the PRIME Higher Low achieved early this month), on the Nikkei 225 Futures. The Bear TREND started off just over 3 months ago when a PRIME PPF of Resistance gave us an indication of lower PRICE movements to come.With the POSITION Chart still pointing up, do look for the other 2 Legs, to complete the change

It's Been A Wild Ride on the ES, for the Past Week

My ES SWING Chart above...Trading for the past week has been wild. Pull Backs from each drop have been very, very deep, almost to the point of 100%!Expectation now would be for PRICE to head back up to last PRIME Resistance at 1369.25, to challenge it and fail. But as usual, do keep in mind the unexpected to happen...I've always believed that "there are never, ever, any sure trades, but always

Consolidation on the Dow E-mini (YM)

My YM SWING Chart above...For today, I thought I'll feature the PRICE movement of the Dow E-mini (YM). From the above SWING Chart, you can see that the BEAR TREND is still very much intact.At this point in time, with the series of PRIME PPFs (Consolidation), we need PRICE to give us direction, and that would mean breaking (Breaching) out of either direction.But with PRICE on my YM Position Chart

Just "Inches" Away...

09:27pm PRICE on the ES is now just inches away from 1371.50. Breaching this Resistance level would invalidate the 2 Legs of the Bull Break, and put us back onto the Bull TREND (On a SWING Chart basis, of course...).

Nikkei, SIMSCI and Hang Seng Futures Are Attempting Leg 1 of Back Door Bear Break

The "candidate" closes to clearing last PRIME Resistance, to give us Leg 1 of Back Door Bear Break, on the SWING Charts, seems to be the Nikkei...followed by the SIMSCI, and the Hang Seng Future.

Free Video on QST's SWING Trading of Stock PSUN - Pacific Sunwear of California Inc.

For those of you who are also trading stocks, have a look at this video on QST's SWING Trading Strategy. Click here to view the video now...

1371.50 is Fast Approaching...

Before I hit the sack, 1371.50 is fast approaching, on the ES - As what I had pointed out on Sat's post...Sure looks like it's gonna be a good breach of that level. Let's see what tomorrow holds. Good nite!

ES SWING Chart: Leg 2 of Bull Break Complete. Will Leg 3 Stall?

My ES SWING Chart above...With PRICE already in PRIME territory in yesterday's trading session (and with the Position Chart still pointing up), there is every possibility that next week, we will see PRICE heading back up to challenge last Resistance at 1371.50, and Breaching it. Doing so would invalidate the 2 Legs and bring PRICE back into the Bull TREND. Watch out for this...

Is Imitation, or Stealing, the Highest Form of Flattery?

I stumbled upon a website this morning, only to be surprised that 2/3 of the posts were, word for word, my very own from this blog. I really did not know how to respond to it.Flattery? Or just plain Stealing (cut & paste) ? Do drop me your comments...

SIMSCI SWING Chart: A Possible Reversal In TREND Soon?

My SIMSCI SWING Chart above...Since the Higher High (HH) achieved on the 10th of Oct last year, you can see from the above chart that PRICE reversed into a BEAR TREND, giving us PRIME Lower Lows (LL), and PRIME Lower Highs (LH). But look at what PRICE is giving us right now?With my TREND Chart having a Leg 1 of Back Door Bear Break (just established in Pre-Market as I type this post), I am quite

ES SWING Chart: PRICE Continues to Climb Higher, to Challenge Last PRIME Resistance at 1400.00

My ES SWING Chart above...PRICE continued to trudge higher in last night's trading session, with hardly any signs of it failing. With the POSITION Chart still firmly pointing up, I suspect this upmove will continue unabated, with a Breaching of Resistance at 1400.00, thus invalidating the Leg 1 of BULL BREAK set last week. Let's just keep this possibility in mind, shall we?

ES Position Chart: Still In Leg 1 of Back Door Bull Break

My ES Position Chart above...For those of you trading the ES on a longer time frame, the last few days have been rather unexciting, so to speak. You can see that PRICE is still trying to find Support, before heading back up to challenge last PRIME Resistance at 1526.75. A good indication that, that is happening, is when PRICE breaches 1400.00, on the upside.

Leg 1 of Bull Break, on the SWING Chart

My ES SWING Chart above...Will the recent low of 1255.50 be threatened?If we get a 3 Legged Bull Break, then the possibility of it happening will be high. Stay tuned...

Year of the Rat

Here's Wishing All My Chinese Readers A Happy & Prosperous Year Of The Rat !

Is The Current BULL TREND Done?

My ES SWING Chart above...PRICE failed on Monday's Globex session, causing PRICE to tumble and yesterday's action showed no end to the downmove. At the present moment, on the TRADING Chart, PRICE needs to clear 1347.00, and then stay above 1337.50, to reverse, or stop the slide.On the SWING Chart (as shown above), PRICE has to stay above 1331.50. Failing to do so would result in Leg 1 of Bull

The Only Way Is....Up!

My ES SWING Chart above...PRICE clearly made a PRIME Higher High, as shown on the chart above. With no signs of PRICE failing, do expect the ES to continue trading higher next week (until a failure, of course).Before I sign off for the weekend, I was asked by a fellow trader, to post my method of trading, and the way my charts are created. Please refer to yesterday's posts' comments for my reply

Latest News: Microsoft bids $44.6 billion in cash and stock to acquire Yahoo

07:56pm I guess that's why the Index Futures, in general, have shot up in the last half hour or so (for more of this breaking news, click here)...And because of this, PRICE has broken through last PRIME Resistance, continuing the Bull TREND, on the SWING Chart.09:45pm Seeing some pretty wild swings in PRICE in pre-market activity - Due to drop in Payrolls.10:37pm There needs to be an Oscillation